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A taxpayer who receives distributions from a pension, an annuity, an IRA, a stock bonus plan, or certain deferred compensation plans should use Form W-4P, Withholding Certificate for Pension or Annuity Payments, to notify the payer whether, and how much, income tax should be withheld.
The worksheets of Form W-4P are very similar to those on Form W-4. Although the balance of this topic mentions only Form W-4, the same information is applicable for Form W-4P.
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